Europe’s industrial production declines

March 01, 2011

In December 2010, industrial production in the Eurozone countries declined by 0.1% against November 2010, and by the same 0.1% in all the EU member countries (EU-27), Eurostat told UNIAM. 

Production in the Eurozone and in the EU-27 increased by 8.0% and 7.7% respectively in December 2010 year-on-year.

Month-on-month growth in the energy sector totaled 2.4% for the Eurozone and 1.7% for EU-27 in December 2010.

Semi-finished product output dropped by 1.3% for both zones; non-durable product output contracted by 0.3% in the Eurozone and by 0.2% in the EU. Capital goods production grew by 0.7% in the Eurozone and by 0.8% in the EU. Durable goods output dropped by 1.0% in the Eurozone and by 0.1% in the EU.

Slovenia (+4.2%), Portugal (+3.8%) and Estonia (+1.3%) registered the highest month-on-month growth in December according to the data available.

Lithuania (-1.9%), Ireland (-1.7%), and Denmark (-1.3%) suffered the steepest decline.

Year-on-year growth in the energy sector totaled 5.8% for the Eurozone and 3.8% for EU-27 in December 2010.

Semi-finished product output grew by 7.8% for the Eurozone and 7.9% for EU-27; non-durable product output increased by 1.9% in the Eurozone and by 2.5% in the EU. Capital goods production grew by 14.8% in the Eurozone and by 14.5% in the EU. Durable goods output was up by 2.1% in the Eurozone and by 1.8% in the EU.

Estonia (+38.4%), Ireland (+16.9%), Latvia (+15.7%), Lithuania (+14.2%), and Germany (+11.8%) registered the highest year-on-year growth in December according to the data available, with only Greece (-5.2%), Malta (-3.1%), and Spain (-0.1%) suffering a decline.

According to updated data, industrial production increased by 1.4% in the Eurozone and by 1.2% in the EU-27 in November 2010 compared to October 2010.

Until January 1, 2011, the Eurozone comprised 16 countries: Belgium, Germany, Greece, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal, Finland, Slovenia, Malta, Cyprus and Slovakia.

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